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Opening Market 2020 – first results surprise

Opening Market 2020 – first results surprise
G’day and welcome to “The Opening Market 2020”.  Our first 100 Auction Test for high-end Inner Melbourne homes this year. Week one of our 3-week campaign. The results were pretty clear. You can see them below and we also kept additional stats at all auctions today, which we have decided not to evidence here as ……. [...]
Control or Be Controlled

Control or Be Controlled

The 2 G’s! Gina and Geordie at 17a Nevis Street Camberwell Is it still plagiarism when you copy your own work. Please explain the Feb Pep in 2019 2020! The Feb Pep Is a positive vibe from increased numbers of refreshed buyers out in the marketplace and it occurs every February. It’s like the first round of the footy [...]
The Volcano is back and the psyche has changed!

The Volcano is back and the psyche has changed!

  Today was the second week of the 3-week 100 Auction test and what we saw in the strongest way was the return of the Volcano and the effect it has on the overall psyche of the market. From the 31 Auctions we covered today 8 or 25% were Volcanoes – meaning 4 or more bidders. It’s these [...]
Auction Market back from Winter

Auction Market back from Winter

Well, did you have a good break – we did, thanks for asking! First big stats and market reads will come at the end of this month, when we begin the Spring 100 Auction Test. Today is a Marketnews Lite – no D&M’s, no stats – just easing ourselves into Spring and looking forward to it. Auction [...]
Melbourne Homeless Real Estate Agents

Melbourne Homeless Real Estate Agents

Estate Agents are solving homelessness just like people solved polio, road toll and guns Well done Kay and Burton, Marshall White, Jellis Craig, Fletchers, Nick Johnstone, Greg Hocking and Buxton 28,000 Melburnians are homeless – how many is that? For every working Melbourne agent, there are two homeless people? OMG!  Evidence Good news: Estate Agents REDUCED 253 evictions with early intervention phone calls 253 [...]
What are we certain about this Winter?

What are we certain about this Winter?

May 2019 Market Summary – brighter outlook on very low stock levels Its 6.00 pm and today we covered 36 auctions to finish the May 100 Auction $M+ 3 week auction Test (May 18, 25 and June 1). Three simple things have come out of the coverage. One: Everybody expected bad – that’s why there were so few auctions. [...]
Are we all feeling better now?

Are we all feeling better now?

At 6.00 pm in our second week of the May 100 Auction Test, we see the good news from last week is continuing. In fact, the weeks either side of the election have been the two most positive auction weeks outside the Feb Pep. Evidence – clearance rates are on the improve and the hammer rate (homes [...]
Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Lower Stock – Lower Dollars – Higher Bidderman – Surprise

Today was the first real market test we have seen since March, as April was a holiday write-off and the auction campaigns had to start from scratch, post-school holidays. The best way to describe today’s market was, interesting.  We were marginally surprised with the strength of today’s result but it’s a small sample and today of all days, [...]
The lesson(s) of 2018

The lesson(s) of 2018

9 am \ Surrey Hills Day started with a visit to an off-market home in Surrey Hills. This home has been for sale for over a year. Why? Price. To be an A-grade property you need to have all three Ps – good Property (building), good Position (land) at a good Price (market). This home had two out of three. In [...]
Is this the real Inner Melbourne market right now?

Is this the real Inner Melbourne market right now?

Below are three homes we visited for clients, but didn’t bid on. We chose them in advance to cover at auction this weekend, from about 50 we had rated. One in each area, one with each key agency, and all in the circa $3 million range. We thought it could be a little taster until next week’s continuing 100 Auction [...]
Big picture bleak, closer examination brighter!

Big picture bleak, closer examination brighter!

Its 6pm Saturday, week one of our fourth and final 2018, 3-week 100 Auction, Inner Melbourne Family Home, Market Temperature Test. Try saying that a few times! The results above and supporting data below are self-explanatory. Yes? No? Maybe? Have you been to an auction, EOI or off-market lately – is it a bit hit and miss? Not really. In fact, we [...]
Are You Awake To What Is Really Going On?

Are You Awake To What Is Really Going On?

This is the first of two articles about what is really happening in our markets. We live in exciting times in the business, in the emotion of and in the life of Melbourne Top End real estate. Is it a dawn or is it a midnight? Who knows but it is one of the more interesting times we have seen, [...]
It’s official, we have a new No. 1!

It’s official, we have a new No. 1!

At 6.00pm the James Spring 100 Auction Clearance Rate for $M+ Inner Melbourne family homes was 53% over the 3-week market test period (Aug 25, Sept 1 and 8). Last week our heading was Wipeout – it was a shocking day on the streets (31%) –  today (66%) the results are a bounce back to the previous week (61%) [...]
9 Buyers near 9 Million in Glen Iris – Hello Dolly!

9 Buyers near 9 Million in Glen Iris – Hello Dolly!

At 6.00pm on Saturday, in the second week of our three week May 100 Auction Test, it’s all becoming a little ho-hum – stats wise. The James Clearance Rate for $2m+ Inner Melbourne family homes is a borderline ice-berger 63% on the 35 auctions we covered. Bidderman was up a skerrick to 1.6 bidders per auction [...]
Scotch College’s buying tactics – Dustin Martin and Ralph Carr

Scotch College’s buying tactics – Dustin Martin and Ralph Carr

End of Year Bumper Edition Contents: Yesterday’s Rout 2017 Year in Review Younger People’s compassion and tax problem Around the Grounds Scotch College’s curious auction strategy Emotion v $ when deciding on a home Transparency The “Reserve” malaise widens Ralph Carr and Dustin Martin Thank you’s 2017 – Top 5 Reads at James Market News Next Edition It’s never as good as it seems and it’s never as bad as it [...]

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